The Chicago Board of Trade announced today it will close the 133-year-old MidAmerica Exchange, which it acquired in 1986, later this year. CBOT officials said the MidAmericas flagging trading volume and declining profitability prompted the move. The MidAmericas eight most actively traded products the U.S. Treasury bond, 10-year Treasury note, eurodollar, wheat, corn, soybean, New York gold and New York silver futures contracts will continue to trade via the Mid-Americas open outcry markets through their cycle of contract month listings, CBOT officials said. When the last of those expire, the products will be converted to CBOT mini-contracts that will trade on the CBOTs electronic trading platform.
The Chicago Board of Trade announced today it will close the...
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